242 19th Street

The Vilnits Group filed the new building in June 2024 as a six-story mixed-use building of 37 dwelling units, 69 feet tall, with about 58,645 square feet of construction floor area. The first permit issued in September 2025 and the job showed a status of permit entire in September 2026, with several supporting filings signed off or approved. Three earlier buildings on the lot were demolished under separate filings that the Department of Buildings has signed off. PLUTO still carries the lot as vacant land with no building area.

Early permit coverage placed the project at 240 19th Street. The Department of Buildings and the Attorney General both use 242. The plan lists one commercial unit, which fits the mixed-use description, and 18 parking units, which would be sold separately from the residences. Unit mix, sizes and finishes are not published in the sources reviewed; they will be in Schedule A of the plan.

The Linden at 280 19th Street is a separate six-residence project on the same street, filed by a different sponsor entity.

Per the offering plan filed with the New York State Attorney General (plan CD260362), the plan was submitted October 14, 2026 by PSZ5, LLC. It has no acceptance date, no effective date and no units sold, and the record shows no amendments. It lists 37 residential units, 1 commercial unit, 18 parking units and 23 storage units, a total of 79, at a total offering price of $52,243,000. The initial and current prices are equal. The Attorney General database classifies the occupancy as split residential and commercial.

No asking prices were found. Any price quoted before acceptance is an indication, not an offer, and the first amendment after acceptance usually moves the schedule.

No contract is possible yet. Review at the Attorney General can take months for a plan of this size, and the sponsor's first amendment after acceptance can change the schedule. Waiting costs a buyer nothing, because no unit can be held until acceptance.

Parking. Eighteen parking units for 37 residences means fewer than one space per home. Parking units are separate purchases, and the plan will say whether they can be bought only by residential owners.

Closing costs. In sponsor sales the buyer customarily pays the New York State transfer tax (0.4%) and the New York City real property transfer tax (1.425% above $500,000), plus the state mansion tax of 1% at $1 million and above. At a $1.4 million residence that is $14,000 in mansion tax and about $25,600 in transfer taxes before any gross-up (our arithmetic). Use the calculators below to run your price.

Carrying costs and abatement. The plan's budget will set common charges and projected taxes, and will state whether any abatement applies. None has been confirmed in this review.

Timing. The new-building permit issued in September 2025, so the shell is early. Closings follow a temporary certificate of occupancy; the plan's estimated completion date and the sponsor's outside date are the figures to read.

Sponsor control. The sponsor controls the board until enough units close to turn it over. The by-laws set the threshold.

If you're considering 242 19th Street, also look at these South Slope and Park Slope condominiums:

• 280 19th Street — The Linden, six residences on the same street, plan not yet accepted
• 179 20th Street — 26 residences in an 11-story building, plan effective January 2026
• 222 16th Street — 32-residence new building, plan accepted November 2025
• 248 20th Street — four residences in an 1899 house enlarged to six stories
• 218 23rd Street — four-residence new building, plan accepted November 2025
• 160 12th Street — seven-residence new building with an elevator, plan not yet accepted